GDX 60 minute Feb 27th
GDX has now cleared the T1 level which opens the door for a move up to T2.
Actually, T1 on GDX was hit yesterday but I had erroneously posted that GDX had fallen shy of the first target on 3 separate attempts during yesterday’s trading session. In that previous GDX/NUGT update, it was stated that GDX missed the T1 level by a penny on those three intraday highs. I had forgotten that the resistance levels shown on the 60 minute GDX charts that I have been posting in this most recent trade were unadjusted for the suggested price targets. It was stated in this GDX & NUGT Updated Price Targets post from Wednesday that the actual price targets (sell limit price) on GDX should set 3-4 cents below the levels shown on this chart. Therefore, GDX actually hit T1 yesterday & again today.